According to IntoTheBlock, Bitcoin miners have sold more than 30,000 BTC (about $2 billion) since June, the fastest in more than a year.
It is possible that the recent halving has led to a decline in profits, triggering the sell-off. QCP also said that Miner BTC holdings have dropped to the lowest level in the past 14 years.
It is possible that the recent halving has led to a decline in profits, triggering the sell-off. QCP also said that Miner BTC holdings have dropped to the lowest level in the past 14 years.
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🇫🇮 In Finland, homes will be heated using mining
Marathon Digital has opened a 2 MW data center in the Satakunta region. The thermal energy will be used to heat water for the heating of approximately eleven thousand local residents' homes. Company representatives stated that they see the project as important for expanding the use of mining for household consumers.
"We are not just producing digital assets; we are also heating homes, and we believe that such innovations can promote the development of the digital asset computing industry, strengthening our leading position," Marathon Digital stated.
Marathon Digital has opened a 2 MW data center in the Satakunta region. The thermal energy will be used to heat water for the heating of approximately eleven thousand local residents' homes. Company representatives stated that they see the project as important for expanding the use of mining for household consumers.
"We are not just producing digital assets; we are also heating homes, and we believe that such innovations can promote the development of the digital asset computing industry, strengthening our leading position," Marathon Digital stated.
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During a discussion with the Bitcoin podcast host Robin Seyr, Michael Saylor stated that Bitcoin could be called the perfect payment instrument and the future of the financial system. According to him, from an economic perspective, everything that existed before Bitcoin became obsolete after its appearance.
Previously, MicroStrategy, one of the largest publicly known holders of Bitcoin in the world, informed the U.S. Securities and Exchange Commission (SEC) about the acquisition of an additional 11,931 BTC for $786 million.
#btc #whale
Previously, MicroStrategy, one of the largest publicly known holders of Bitcoin in the world, informed the U.S. Securities and Exchange Commission (SEC) about the acquisition of an additional 11,931 BTC for $786 million.
#btc #whale
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📉#sol #crypto
The recent dynamics of Solana (SOL) have alarmed investors.
Over the past 30 days, the cryptocurrency has shown a 25% decline.
As a result, Solana's market capitalization has decreased by approximately $10 billion in the past week, also influenced by a post from the well-known crypto figure Crypto Bitlord, stating that SOL’s activities are under active investigation.
No matter the truth of these rumors, it is evident that Solana's recent losses are predominantly due to the price drop of Bitcoin, which is currently just over $60,000.
The recent dynamics of Solana (SOL) have alarmed investors.
Over the past 30 days, the cryptocurrency has shown a 25% decline.
As a result, Solana's market capitalization has decreased by approximately $10 billion in the past week, also influenced by a post from the well-known crypto figure Crypto Bitlord, stating that SOL’s activities are under active investigation.
No matter the truth of these rumors, it is evident that Solana's recent losses are predominantly due to the price drop of Bitcoin, which is currently just over $60,000.
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Bybit has become the second-largest cryptocurrency exchange in the world.
▪️The Bybit team, unlike its closest competitor in the American market — Coinbase, has managed to more effectively capitalize on the economic situation and the hype surrounding the launch of spot Bitcoin ETF trading.
▪️The rapid growth in Bybit's popularity among crypto investors and the increase in trading volumes have been possible due to the successful implementation of a business model with low transaction fees. For example, since February 2023, the exchange introduced a zero commission for trading USDC stablecoins, which attracted the attention of many traders.
▪️Previously, Bybit published its own research indicating that institutional investors have increased their investments in Ethereum in anticipation of the imminent launch of spot ETH ETF trading in the U.S.
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#cex
Kraken co-founder Jesse Powell donated $1 million to his election campaign fund.
Powell emphasized that Trump has become the only presidential candidate who supports the cryptocurrency industry and is willing to listen to the requests of its participants.
Previously, the founders of the Gemini cryptocurrency exchange also supported Republican presidential candidate Donald Trump. Tyler Winklevoss wrote on social network X that each of the brothers, co-founders of the exchange, donated $1 million in Bitcoin to his election campaign fund.
Kraken co-founder Jesse Powell donated $1 million to his election campaign fund.
Powell emphasized that Trump has become the only presidential candidate who supports the cryptocurrency industry and is willing to listen to the requests of its participants.
Previously, the founders of the Gemini cryptocurrency exchange also supported Republican presidential candidate Donald Trump. Tyler Winklevoss wrote on social network X that each of the brothers, co-founders of the exchange, donated $1 million in Bitcoin to his election campaign fund.
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🇰🇿🌟 #regulator #ton
Kazakhstan❤️ TON
The Committee of the Ministry of Finance and Capital Markets (AFSA) for the regulation of financial services has approved Toncoin for trading on licensed AFSA platforms.
Now, investors can trade Toncoin on licensed AFSA platforms, benefiting from a robust regulatory framework and investor protection measures established by the AFSA.
Kazakhstan
The Committee of the Ministry of Finance and Capital Markets (AFSA) for the regulation of financial services has approved Toncoin for trading on licensed AFSA platforms.
Now, investors can trade Toncoin on licensed AFSA platforms, benefiting from a robust regulatory framework and investor protection measures established by the AFSA.
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Decrypt
Has the Crypto Market Peaked? Here’s What the Experts Say - Decrypt
The current crypto market lull has done little to bent the confidence of analysts and experts who see further price gains in the months ahead.
VanEck believes that the cryptocurrency market will recover soon. The June correction is technical, and new growth is inevitable.
Grayscale Research predicts a recovery of the cryptocurrency market in the coming months.
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Toncoin is making another attempt to settle above $8.
The Total Value Locked (TVL) of the TON ecosystem has exceeded $700 million.
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50% of U.S. hedge funds have invested in Bitcoin ETFs
By the end of the first quarter of 2024, 13 out of the 25 largest U.S. hedge funds had financial reserves in Bitcoin ETFs on their balance sheets.
The largest investment in spot Bitcoin fund shares was recorded in Millennium Management, which held 27,263 shares worth about $1.7 billion, accounting for approximately 2.5% of the hedge fund's total assets.
BlackRock forecasts purchases of Bitcoin ETFs by pension and government funds.
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A crypto school Plan ₿ Biz has started operating in Lugano, Switzerland.
The Plan ₿ Biz School has opened its doors in Lugano, where students will be taught blockchain technologies.
As part of the educational initiative, authorities have allocated 500 scholarships for students and an investment pool of over $110 million for blockchain startups.
Last year, the Lugano city administration began accepting bill payments in BTC and USDT. Authorities hope that their new initiative will help make the city even more popular.
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📉Bitcoin slides on Biden drama, risk of sales linked to Mt. Gox
A third-straight daily slide in Bitcoin (BTC-USD) took the digital asset close to levels last seen in February amid challenges including US political drama and the potential for disposals by creditors of the failed Mt. Gox exchange.
Mt. Gox’s administrators are returning a hoard of Bitcoin to creditors in stages. Traders are uncertain about how much of the $8 billion haul will end up being sold, and separately weighing the risk of disposals by the US and German governments of seized Bitcoin.
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